D. Boral Capital Reaffirms "Outperform" Rating for ICF International (NASDAQ:ICFI)

D. Boral Capital reiterated their outperform rating on shares of ICF International (NASDAQ:ICFI - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. D. Boral Capital currently has a $174.00 target price on the business services provider's stock.

Other equities analysts also recently issued reports about the company. Truist Financial lowered their price objective on ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, November 22nd. Barrington Research restated an "outperform" rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Sidoti raised shares of ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.60.

ICF International Price Performance

Shares of NASDAQ ICFI traded up $0.66 during mid-day trading on Monday, hitting $125.94. 203,599 shares of the stock traded hands, compared to its average volume of 115,653. ICF International has a twelve month low of $124.78 and a twelve month high of $179.67. The firm has a 50 day simple moving average of $153.61 and a two-hundred day simple moving average of $152.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $2.36 billion, a PE ratio of 22.13 and a beta of 0.54.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to analysts' expectations of $528.02 million. During the same period in the previous year, the business posted $1.81 earnings per share. The business's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that ICF International will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.44%. ICF International's payout ratio is presently 9.84%.

Insiders Place Their Bets

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares of the company's stock, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently bought and sold shares of ICFI. Pier Capital LLC purchased a new stake in shares of ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. raised its stake in shares of ICF International by 10.7% in the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider's stock valued at $59,014,000 after buying an additional 34,299 shares during the period. Geode Capital Management LLC lifted its position in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock valued at $73,566,000 after buying an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International in the third quarter worth about $2,364,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider's stock worth $2,941,000 after acquiring an additional 8,548 shares during the period. Institutional investors own 94.12% of the company's stock.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.